this post was submitted on 10 Dec 2024
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Absolutely. You won. You want to be pitied because you have enough to live like a modern pharoah for several lifetimes?
Whats wrong with forcing organizations with such an economic footprint to be owned by many members of society? That sounds healthy. That's just the logical next step of antitrust, no one person should own so much they have the power to make other citizen's lives harder.
Other people live in this country and on this planet. If someone wants to keep their business all to themselves, give a lot of charity instead of growing operations and keep your net worth at 90 million, everyone wins and your community will love you.
If these people truly want to flex their ego and build an infinite empire without any temperance or restraint, there's plenty of uninhabited islands where they can do so. They don't want to though, they want to exploit innumerable other people and use infrastructure they don't want to pay back into to build their infinite sums. Then hilariously claim they could have done it alone on the moon themselves with a paperclip by their bootstraps.
Our economy should reward Good, Proscial business people and business practices, and we don't. We reward sociopath hoarders. A good business person would have a nice car and home, but pump most of their profits back into their community, not hoard it like a dragon and influence politicians to lower their taxes to increase their hoards. This used to happen more. When pre Reagan tax slashes on speculative investment, more businesses did instead take those funds and rebuild a courthouse or buy a High school a new gym. They got their name on a building and thank the society that facilitated their success.
Our economy should be reward to elevate the George Baileys and punish the Mister Potters, if we want a society and not this cesspool of desperation and greed without limit.
You think it's wrong to split YOUR 100 million dollar company up, I ask why you want an infinite sized company taking up an entire economic sector, and what it is you want to do with 200 million dollars that you can't do with 100. I think something of whatever scale you're working on ought to have other voices brought in because again, other people live here and public good > your ego feelings.
Its not like they're hoarding it on their bank account. And ones the stocks of my company fall my 100 mio might not be worth anything or like just a part of it. And still... who would buy the company thats over these assets, and how should the company increase productivity which is in public interest if it does not have a stable ownership situation and it keeps changing due to the cap.
Just because a company is valued like 3 trillion like nvidia you couldn't just cash out just like that. Money doesn't just spawn and the productivity doesn't just go up. I don't necessarily want an infinitely sized company but if a company value keeps rising it indicates rising productivity and success which is good for society. A company doesn't need to make profit to be valued at a certain mark.